Common use of Effect of Death or Disability Clause in Contracts

Effect of Death or Disability. If the Executive's employment is terminated by reason of the Executive's death or Disability during the Term of this Agreement, this Agreement shall terminate automatically on the date of death or, in the event of Disability, on the Date of Termination. In the event of the Executive's death following the Executive's Date of Termination, but prior to the payment of the severance payments and benefits provided under paragraph 4 hereof, if any, such payments and benefits will be paid to the Executive's surviving spouse, or if the Executive has no surviving spouse, then to the Executive's estate.

Appears in 9 contracts

Samples: Control Agreement (Natco Group Inc), Control Agreement (Natco Group Inc), Control Agreement (Natco Group Inc)

AutoNDA by SimpleDocs

Effect of Death or Disability. If the Executive's ’s employment is terminated by reason of the Executive's ’s death or Disability during the Term of this Agreement, this Agreement shall terminate automatically on the date of death or, in the event of Disability, on the Date of Termination. In the event of the Executive's ’s death following the Executive's ’s Date of Termination, but prior to the payment of the severance payments and benefits provided under paragraph 4 hereof, if any, such payments and benefits will be paid to the Executive's surviving spouse, or if the Executive has no surviving spouse, then to the Executive's estate’s Beneficiary.

Appears in 6 contracts

Samples: Chief Executive Officer Change in Control Agreement (Gardner Denver Inc), Executive Change in Control Agreement (Gardner Denver Inc), Executive Change in Control Agreement (Gardner Denver Inc)

Effect of Death or Disability. If the Executive's ----------------------------- employment is terminated by reason of the Executive's death or Disability during the Term of this Agreement, this Agreement shall terminate automatically on the date of death or, in the event of Disability, on the Date of Termination. In the event of the Executive's death following the Executive's Date of Termination, but prior to the payment of the severance payments and benefits provided under paragraph 4 hereof, if any, such payments and benefits will be paid to the Executive's surviving spouse, or if the Executive has no surviving spouse, then to the Executive's estateBeneficiary.

Appears in 2 contracts

Samples: Change in Control Agreement (Gardner Denver Inc), Officer Change in Control Agreement (Gardner Denver Inc)

Effect of Death or Disability. If the Executive's ’s employment is terminated by reason of the Executive's ’s death or Disability disability during the Term of this Agreement, this Agreement shall terminate automatically on the date of death or, in the event of Disabilitydisability, on the Date of Termination. In the event of the Executive's ’s death following the Executive's ’s Date of Termination, but prior to the payment of the severance payments and benefits provided under paragraph 4 hereof, if any, such payments and benefits will be paid to the Executive's surviving spouse, or if the Executive has no surviving spouse, then to the Executive's estate’s Beneficiary.

Appears in 1 contract

Samples: Executive Change in Control Agreement (Gardner Denver Inc)

AutoNDA by SimpleDocs

Effect of Death or Disability. If the Executive's employment is terminated by reason of the Executive's death or Disability during the Term of this Agreement, this Agreement shall terminate automatically on the date of death or, in the event of Disability, on the Date of Termination. In the event of the Executive's death following the Executive's Date of Termination, but prior to the payment of the severance payments and benefits provided under paragraph 4 or 5 hereof, if any, such payments and benefits will be paid to the Executive's surviving spouse, or if the Executive has no surviving spouse, then to the Executive's estate.

Appears in 1 contract

Samples: Control and Severance Agreement (Natco Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.